It just got easier to get a jumbo mortgage

Getting a large home loan at Chase just got a little easier.

The bank is easing the lending requirements for its jumbo mortgages, which tend to be loans in excess of $417,000 in many markets and $625,500 in more expensive areas.

A potential buyer now only needs a credit score of 680 and a 15% down payment to qualify for a maximum loan amount of $3 million for a primary-residence home. Borrowers used to need a 740 score and put 20% down.

By easing its standards, the bank is hoping to gain more customers. "The performance we had on jumbo loans ... has been fantastic. We think we are able to make high-quality loans to high-quality customers," said Steve Hemperly, head of mortgage originations at JPMorgan(JPM) Chase & Co.